The Game with Alex Hormozi Expect Uncertainty | Ep 826
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Jan 16, 2025 Dive into the entrepreneurial journey where challenges and uncertainties are spotlighted. Discover effective strategies for customer acquisition and the crucial connection between business size and growth. Learn the delicate balance between optimizing proven systems versus embracing change, illustrated through a Jenga tower analogy. Explore the hidden costs of frequent adjustments and the importance of targeting impactful changes for sustained success.
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Entrepreneurship and Uncertainty
- Entrepreneurship is stressful due to uncertainty about the future.
- The past seems better in retrospect because the uncertainty is removed.
Resource Prioritization
- Prioritize resources effectively for business growth.
- Focus on increasing customers, lifetime profit, and decreasing risk.
Decision-Making Framework
- Use the "what, how, who" framework for decision-making.
- Evaluate every action based on its impact on customer acquisition, profit, or risk reduction.